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November 11 2021 | Buying/Selling

Parents Have Gifted $10B to Adult Children Home Buyers

I am sure we can all agree that this pandemic has created an insane real estate market. It’s safe to say that it’s been a difficult ride for anyone trying to purchase real estate and a not so difficult ride for the sellers. It’s been so difficult for buyers that CIBC has estimated that in 2021, parents gifted an estimated 10 billion dollars to their adult children looking to purchase a home.

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